Vermont § 717 Tax classification

Vermont Statutes

§ 717 — Tax classification

Vermont § 717

Title 24Title 24 Appendix: Municipal Charters

Ch. 19Chapter 019: City of Winooski

This text of Vermont § 717 (Tax classification) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 24, § 717 (2026).

Text

(a)Except for the property of utilities subject to regulation by the Vermont Public Utility Commission, all personal and real property set out in the grand list that is not used as residential property, farmland, and public recreation, conservation, or open space lands shall be classified as nonresidential property and shall be taxed by applying the tax rate on 120 percent of the assessed value of the property, and further provided that inventories shall no longer be set out in the grand list of the City as taxable personal estate. Properties upon which in-lieu-of-tax payments are made shall be likewise classified and assessed for the purposes of such payments.

(b)As used in this section, “residential property” is hereby defined to include all property used for dwelling purposes, includi

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(a) Except for the property of utilities subject to regulation by the Vermont Public Utility Commission, all personal and real property set out in the grand list that is not used as residential property, farmland, and public recreation, conservation, or open space lands shall be classified as nonresidential property and shall be taxed by applying the tax rate on 120 percent of the assessed value of the property, and further provided that inventories shall no longer be set out in the grand list of the City as taxable personal estate. Properties upon which in-lieu-of-tax payments are made shall be likewise classified and assessed for the purposes of such payments.
(b) As used in this section, “residential property” is hereby defined to include all property used for dwelling purposes, including accessory property that is subordinate to or customarily incidental to the main residential use, such as garages and outbuildings. Where a property is used for both residential and nonresidential purposes, it shall be apportioned according to such uses and then classified and assessed as herein provided.